News

US envoy discusses bilateral cooperation with Finance Minister

By News Desk

March 19, 2024 11:08 PM


Twitter Share Facebook Share WhatsApp Share

Ambassador of the United States to Pakistan, Donald Blome, paid a courtesy visit to Minister for Finance & Revenue, Muhammad Aurangzeb Tuesday to discuss important matters related to bilateral cooperation and mutual interests between Pakistan and the United States.

The ambassador extended felicitations to Muhammad Aurangzeb upon his appointment as Minister for Finance and Revenue and conveyed confidence towards further strengthening of economic ties between the two countries.

He congratulated the government on the positive steps taken so far that resulted in visibly positive signs in the economy and hoped that it would help further stabilise the economy. The minister warmly welcomed the ambassador and underscored the significance of Pakistan-US bilateral relations, highlighting their importance at political, economic, and security levels. He shared that the new government was fully prepared to tackle the economic challenges and is determined to bring about macroeconomic stability in the country.

He reiterated the government’s commitment to completing the ongoing International Monetary Fund (IMF) program and continuing the economic reform process initiated under the Extended Fund Facility (EFF) 2019 and Stand-By Arrangement (SBA) 2023, with a focus on achieving fiscal and debt sustainability, social protection, and rebuilding foreign exchange reserves.

Highlighting the priority areas for reforms, Minister Aurangzeb outlined the government’s foremost priority of bringing reforms in the Federal Board of Revenue (FBR) to prevent revenue leakages through end-to-end digitization, enhancing the State-Owned Enterprise (SOE) reforms, strengthening social protection measures, improving public financial management, implementing energy sector reforms, removing distortionary subsidies, and fostering private sector-led economic growth.

Recognizing the United States as one of Pakistan’s largest trading partners and a significant source of foreign direct investment, Minister Aurangzeb expressed appreciation for the economic ties between the two nations.

Concluding the meeting, both sides acknowledged the critical nature of the relationship between Pakistan and the United States and expressed the desire to continue enhancing bilateral relations between the two countries, the statement added.


News Desk


Most Read

  1. Punjab ministry, school education dept toy with summer vacations announcement Punjab ministry, school education dept toy with summer vacations announcement
  2. Iran President Raisi, foreign minister die in helicopter crash Iran President Raisi, foreign minister die in helicopter crash
  3. Sarah Ali Khan to tie the knot with a rich guy this year, say rumors Sarah Ali Khan to tie the knot with a rich guy this year, say rumors
  4. Anmol Baloch brushes off dating rumours with Hamza Sohail Anmol Baloch brushes off dating rumours with Hamza Sohail
  5. 'Heeramandi's 'Tajdar', Taha Shah’s handsome debut at Cannes is everything fans wanted 'Heeramandi's 'Tajdar', Taha Shah’s handsome debut at Cannes is everything fans wanted
  6. NA148 by-polls results: PPP’s Qasim Gilani leading with 78,278 votes NA148 by-polls results: PPP’s Qasim Gilani leading with 78,278 votes

Opinion

  1. New twist in PTI founder’s strategy towards Military Establishment
    New twist in PTI founder’s strategy towards Military Establishment

    By Salim Bokhari

  2. Revoke the heat stroke
    Revoke the heat stroke

    By Dr Asif Channer

  3. Defiance, sacrifice & national resilience
    Defiance, sacrifice & national resilience

    By Naveed Aman Khan

  4. Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds
    Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds

    By Alysha Khan

  5. Pak-Saudi-Iran economic proximity
    Pak-Saudi-Iran economic proximity

    By News Desk

  6. Military Establishment rules out any deal with what it terms a ‘bunch of anarchists’
    Military Establishment rules out any deal with what it terms a ‘bunch of anarchists’

    By Salim Bokhari